How can timeshares provide an economic boon in these uncertain times?
The
Virginia Gazette recently featured the first in a series of what is sure to be interesting articles about the affect of the timeshare industry on the economy during the recession.
The first part, by
Bill O’Donovan, cited the importance timeshares have in supporting the economy of Williamsburg. Support of this is referenced by noting the large number of timeshares in the area and the number of timeshare owners who frequent them-
Quote:
|
People own them, and they use them
|
The value timeshare provides to vacationers-
Quote:
|
...very competitive with hotels, and at times less expensive
|
The flexibility a timeshare(and a lock-off/out unit) can offer-
Quote:
|
Owners can use one week at the resort and exchange one week somewhere else, or rent out the second week.
|
The best and most promising support of the timeshare industry's economic impact ranges from revenues received from local dining, shopping, resort sales, incidentals, taxes(benefiting nearby homeowners), as well as timeshare resort and local and outsourced employment.
Quote:
|
Between that and shorter weekend trips, his average is 5.2 days, which is still double that of hotels and motels. Longer stays means more time to visit attractions and shop.
|
Quote:
|
“The average family staying at Historic Powhatan Resort will contribute approximately $500 per day to local merchants, outside the attractions operations.”
|
Good stuff! Looking forward to part two. Check-out the complete article
HERE.
Economy Sustained By Timeshare 
Linear Mode
